Azerbaijan, Serbia discuss strategic partnership
Baku, September 25, AZERTAC
Sahil Babayev, Azerbaijan’s Minister of Finance and Co-Chair of the Intergovernmental Commission on Trade and Economic Cooperation between Azerbaijan and Serbia, met with a delegation led by Ana Brnabić, Speaker of the National Assembly of Serbia, who is on an official visit to the country.
During the meeting, the sides discussed strengthening the strategic partnership between Azerbaijan and Serbia, implementing joint projects, exploring mutual investment opportunities, and prospects for further cooperation.
Minister Sahil Babayev emphasized Azerbaijan’s commitment to deepening strategic ties with Serbia across all sectors, highlighting the importance of interparliamentary relations and the role of the Intergovernmental Commission in advancing bilateral cooperation.
He noted that several significant initiatives were proposed during the 8th session of the Commission held in Baku in July 2024, adding that the 9th session is scheduled to take place in Belgrade in October 2025.
The meeting also underlined that mutual investments between the two countries are on the rise, with trade turnover increasing by 16.7 percent in 2024, reaching $190.3 million. The sides pointed out the great potential for mutually beneficial projects in the fields of energy, infrastructure, aviation, agriculture, and culture and humanitarian cooperation.
Ana Brnabić hailed the high level of relations between Azerbaijan and Serbia, stressing that the partnership is built on mutual trust and friendship.
She also noted the positive momentum in trade and economic ties, emphasizing that current statistics do not yet reflect the full potential or correspond to the strength of political relations. Brnabić further highlighted the broad opportunities for expanding cooperation.
“Azerbaijani investors are interested in investing in Serbia’s real estate, agriculture, and other sectors,” she said.
The meeting concluded with an exchange of views on issues of mutual interest.
Other news in this section
